(MENAFN) South Korea will lower the requirements for foreign-invested firms to receive financial incentives as it seeks to attract over USD20 billion in fresh foreign direct investment (FDI), QNA reported.
In the first six months of the year, new FDI pledged to South Korea reached a new first-half high of USD10.33 billion, up 29.2 percent from the same period last year, according to the Ministry of Trade, Industry and Energy.
According to the Ministry, starting Monday, the amount of minimum foreign investment required will be halved to the same amount as the value of the land.
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